Kerr Lake Hyco Lake Lake Gaston main
Kerr Lake Hyco Lake Lake Gaston two
Kerr Lake Hyco Lake Lake Gaston three
Kerr Lake Hyco Lake Lake Gaston four
Kerr Lake Hyco Lake Lake Gaston five

Family-friendly Lakefront Getaway Near RDU

4 available shares


target home price


cost per share

$1,506 / mo

estimated costs

$1,600 / mo

monthly income

Down Payment
Closing Cost
Reserve Fund Deposit
Total Cash at Closing
Co-own this home
3 bedrooms | 3 bath

Our family has been considering co-ownership for awhile and we're ready to make it happen. We're now PlumCertified and are seeking other PlumCertified members who would be interested in joining us. We think the perfect lakefront getaway looks like:

Close to RDU. Less than an hour away, with stunning lake views. We're flexible as to the specific lake (although Lake Gaston, Kerr Lake, and Hyco Lake all seem like good candidates). No matter which lake it is, we want easy access to the water via a nice, flat lot and with a shoreline that is perfect for a beach and floating toys.

Modern and Move-in Ready. Like you, we're busy folks. We want the purchase and move-in process to be super easy. The ideal home is beautifully furnished with an established rental history. We'd like at least 3 bedrooms plus a bonus flex space like a basement or loft.

Lake Fun. We love lots of time in the water, and are seeking co-owners who share that love for active lakefront fun. Our perfect lakefront getaway would have shared water toys like kayaks, SUPs, and maybe even a pontoon boat! A dock or buoy would be the cherry on top!

Rules: Short-term rentals are welcome. Responsible pups for owners are a yes, renters negotiable. Fri-Fri rentals preferred for long weekend getaways.

I'm interested
House Usage
  • 5 shares total
  • 10 weeks a year per share
About the Organizer

We (Zach and Kelly) are happily settled in Durham with our 3 kids (one in college now) and little dog. We all love spending time outdoors and on/near the water and would love to co-own a lovely local lake cabin. We imagine using it a lot and renting it when we can't (we're both self-employed with pretty flexible work schedules, but kid/school schedules keep us in Durham most of the time). If you're also dreaming of a close easy beautiful lake cabin, please reach out.

We are looking for a house that includes:
  • Dock
  • Porch
  • Waterfront
House Rules
  • Only dogs allowed
  • No firearms allowed
  • Short term renting permitted
Answered Questions
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Home Inspiration
5 Co-owners 1 of 5
$149,800 per share
5 Co-owners 1 of 5
$170,000 per share
5 Co-owners 1 of 5
$179,000 per share

Calculated Costs per Share

Family-friendly Lakefront Getaway Near RDU
Kerr Lake
Down Payment
Closing Cost
Reserve Fund Deposit
Total Cash at Closing

This is an estimate of the amount of cash needed when closing on the purchase of a property financed with a 30 year Mortgage at 8.0% interest rate.

Plum’s estimate includes 20% of the value of the house as a down payment, 6% of the value of the house for closing costs (including Plum’s Group Success Fee) and 3% of the value of the house for the initial reserve fund.

Mortgage Payment
Total Expenses
This total is an estimate of all the expected costs associated with owning a vacation home with a Plum certified ownership agreement.
Location, type of house, changes in interest rates and utilities can all change and affect the monthly cost throughout the term of ownership.
Monthly Income
Total Monthly Income

A good threshold for rental property investment is the 1% Rule (source). It states that you should only invest in rental property if you are reasonably confident that the property can rent for 1% of the sale price per month.

We’ve included that assumption here. It is critical that the group validate pricing, rental history, and future rental projections of any specific property before proceeding with a purchase. You can explore rental incomes of any property with this free estimation tool at

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